( April 3, 2025, 09:42 GMT | Official Statement) -- MLex Summary: The UK’s Financial Ombudsman Service expects to resolve 270,000 cases in 2025-26, a 20 percent increase from the current year. The FOS, which resolves disputes between consumers and regulated firms, said complaints related to motor finance commissions account for nearly half of the 190,000 cases in its current stock, and that they cannot be resolved due to the ongoing legal case in the Supreme Court and the Financial Conduct Authority’s pause on such complaints. Statement below, annual plan attached. ...
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